Petrol is N620/litre in Abuja …CNG N213/scm – Nipco Gas MD
Nagendra Verma, the Managing Director of Nipco Gas Limited has said that fuel costs N620 per litre in Abuja, while Compressed Natural Gas (CNG) for cars costs N213 per scm (standard cubic meter).He said this during a recent!-->!-->!-->!-->!-->…
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NCDMB Proposes Strategies for Sustainable Local Content Practice in Africa
Adaobi Rhema OguejioforThe Nigerian Content Development and Monitoring Board (NCDMB), on the heels of the remarkable discovery and exploration of petroleum resources across several countries in Africa, has proposed strategies that!-->!-->!-->!-->!-->…
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Transcorp Power Leads Investors to Acquire 60% Shares in AEDC
Adaobi Rhema Oguejiofor
Some Investors led by Transcorp Power Limited have acquired a 60 percent share in the Abuja Electricity Distribution Company (AEDC).This was revealed in a statement released by the Company, where it!-->!-->!-->!-->!-->!-->!-->…
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Soaring Fuel Prices Threatening Manufacturers’ Existence
Adaobi Rhema Oguejiofor
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the current soaring fuel price, stating that it is threatening the Association's continued existence.MAN also urged the Federal!-->!-->!-->!-->!-->!-->!-->…
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Aba Power Gives Reasons for Patronizing Innoson Motors
By Moses Patience ChatThe recent decision by The Board and Management of Aba Power Limited, Nigeria’s newest electricity distribution firm, has stated reasons for patronising only Innoson vehicles. The Firm noted that Innoson!-->!-->!-->!-->!-->…
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PENGASSAN pickets Shell over fuel subsidy palliatives
*The demonstrating PENGASSAN staffThe workers are demanding for a better welfare package for all direct staff, contract staff, sub-contract staff and service providers for all Shell Companies in Nigeria, SCiN following the prevailing!-->!-->!-->…
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Subsidy Removal: FG Approves N5bn For Each State, FCT As Palliative
The Federal Government has approved N5bn for each state and the Federal Capital Territory (FCT) to enable them procure food items for distribution to the poor in their respective states.Governor Babagana Zulum of Borno State!-->!-->!-->!-->!-->…
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Nigeria earned $741.48bn from Oil & Gas in 21 years – NEITI
The Nigeria Extractives Industries Transparency Initiative says the country earned $741.48 billion from the oil and gas sector between 1999 and 2020.Dr Ogbonnaya Orji, the Executive Director of NEITI, disclosed this on Wednesday!-->!-->!-->!-->!-->…
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‘It’ll be dramatic for marketers to believe petrol prices won’t increase’
The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has said the statement credited to the Nigeria National Petroleum Company Limited (NNPCL) that there is no plan to increase petrol prices despite the fall of!-->!-->!-->…
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Diesel price hike further strains Nigerian firms
…pump price tops N870 on VAT, weaker Naira
Nigerian businesses relying heavily on diesel for their operations are facing higher costs of fuelling their generators as a new tax kicks in amid naira depreciation.The federal!-->!-->!-->!-->!-->!-->!-->…
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